Intraday view and levels of Nifty and Bank Nifty No ratings yet.

Trade Date- 12/07/2018

In the last trading session, Nifty closed on a negative note at 10,948.30 levels, above its 20 day SMA and 10 Day SMA. Closing above 20-Day SMA indicates a strong closing and may require a quick action from buyers if Intraday resistance of 10,956 is broken during the day.

On a global front, U.S markets closed (on 12th July) on a slight negative note dropping an average of 0.50-0.80%. European markets closed with losses amounting to an average of side 1.25-1.60%.

Trading Strategy for Nifty

Intraday traders may follow the below mentioned levels-

Buy above 10,956 for targets of 10,970/10,997

Sell below 10,930 for targets of 10,905/10,885

Trading Strategy for Bank Nifty

Buy above  26,855 for targets of 26,880/26,937

Sell below 26,815 for targets of 26,800/26,730

Disclaimer: All views expressed in this site are for reference only. Readers must consult their own investment adviser  before taking any investment/trading decision. We hold no financial liability to any user on account of use of information provided on this website.

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Author: Traders' Chowk

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